UBS shares are displaying strong indications to buy, suggesting a high likelihood of continued price increases after recently surpassing important resistance levels.
The stock has broken out of a downward trend seen in June, indicating a bullish momentum. In the past, UBS has shown a pattern of surpassing its October price level in ten out of the last eleven years, typically achieving this by February or March of the following year. This trend has often resulted in price gains exceeding ten percent, further supporting the positive outlook for the stock in the near future.